# PPP loan: SIGMA PHI ALPHA CORPORATION
> **$1.40M** approved 03/26/2021 · Exemption 4 · Loan `9375748607`
## Borrower
- **Name:** SIGMA PHI ALPHA CORPORATION
- **Address:** 16B Electronics Ave Ste 16B, Danvers, MA, 01923-1011
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.36M (97%)
- **Forgiveness date:** 08/04/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.40M
- **Utilities:** $1
- **Jobs reported:** 82
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*